2014-11-05T17:25:04-06:00 2013-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2013-01-01 946069237 STAR ONE CREDIT UNION STAR 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 RICK HELDEBRANT PRESIDENT/CEO 4085435028 2014-10-28 1 VALENTINO CREUS CPA P01054153 8189549700 2013 2015-11-30 17:44:51Z RICK HELDEBRANT 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 153754505 0 X WWW.STARONE.ORG X CREDIT UNION 1956 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 193 14 178575 -84462 0 0 113392364 108422732 48271459 43057486 1460582 1902993 163124405 153383211 100000 100000 0 0 23229425 20365955 0 0 0 81759326 79428952 105088751 99894907 58035654 53488304 6304301795 6601240754 5587535593 5875732298 716766202 725508456 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, STAR ONE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 STAR ONE CREDIT UNION PROVIDED SERVICES TO 91,700 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS. STAR ONE OFFERS STUDENT LOANS TO GRADUATE AND UNDERGRADUATE STUDENTS. STAR ONE CREDIT UNION PROVIDED 6,920 LOANS TOTALLING $794,137,386 IN 2013. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 87532 0 1 193 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X ANN SEBASTIAN CONTROLLER 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 G ADAMS BOARD CHAIRPERSON 1.00 X 1741 0 0 D DAGGETT BOARD VICE CHAIRPERSON 1.00 X 0 0 0 D ABIHIDER BOARD VICE CHAIRPERSON 1.00 X 1081 0 0 S DUNLAP BOARD TREASURER 1.00 X 3366 0 0 D FLOWE BOARD SECRETARY 1.00 X 3355 0 0 J GAUT DIRECTOR 1.00 X 0 0 0 B BACHANT DIRECTOR 1.00 X 2700 0 0 M ENG DIRECTOR 1.00 X 0 0 0 P HUMECKE DIRECTOR 1.00 X 79 0 0 R AOCHI SUPV CMTE MEMBER 1.00 X 1765 0 0 CTABARI SUPV CMTE MEMBER 1.00 X 0 0 0 C GOEAS SUPV CMTE MEMBER 1.00 X 965 0 0 M KHAGHANI SUPV CMTE MEMBER 1.00 X 1753 0 0 L VARR SUPV CMTE MEMBER 1.00 X 3094 0 0 R HELDEBRANT PRESIDENT/CEO 40.00 X 745766 0 38685 G RODRIGUES EXECUTIVE VP OPERATIONS 40.00 X 385826 0 43867 C SAFBERG EXECUTIVE VP OPERATIONS (RETIRED) 40.00 X 798833 0 497999 B ROSS EXECUTIVE VP FINANCE & ADMINISTRATION 40.00 X 292953 0 44573 K COLLINS SENIOR VP LOAN SERVICES 40.00 X 263662 0 33297 R MCALPINE VP INFORMATION SYSTEMS 40.00 X 256806 0 33153 J FAGENSTROM VP MARKETING 40.00 X 241152 0 14028 LBRUBAKER VP DEPOSIT SERVICES 40.00 X 236908 0 17849 M MUCKER VP REMOTE SERVICES 40.00 X 233443 0 25769 A SEBASTIAN VP CONTROLLER 40.00 X 231336 0 30236 3706584 0 779456 39 0 1 0 XP SYSTEMS 405 SCIENCE DRIVE MOORPARK CA 93021 SOFTWARE MAINTENANCE 1136295 BUSINESS DATA INC 321 NORTH OAK STREET INGLEWOOD CA 90302 STATEMENT PRINTING 660514 INTUIT FINANCIAL SERVICES 21215 BURBANK BOULEVARD SUITE 100 WOODLAND HILLS CA 91367 WEBSITE 555879 TOM DAVIS 265 MERIDIAN AVE 10 SAN JOSE CA 95126 APPRAISAL SERVICES 435500 CLICKAPPRAISER 182 HOWARD STREET SAN FRANCISCO CA 94105 APPRAISAL SERVICES 256875 21 INTEREST ON LOANS 522100 100576489 100576489 OTHER OPERATING INCOME 522100 4412195 4371704 40491 FEE INCOME 522100 3434048 3295964 138084 108422732 43011904 43011904 416876 371294 45582 45582 45582 PROV FOR LOAN AND LEASE LOSSES 522100 1902993 1902993 1902993 153383211 153204636 178575 0 100000 3706584 11337080 4218317 1103974 47147 181045 79442 1264447 1511469 4559566 1340345 1504975 472010 58943903 1351520 3147051 LOAN SERVICING EXPENSE 2794366 MISC OPERATING EXPENSE 1644895 OPERATING FEES 567102 OTHER NON-OPERATING EXP 19669 99894907 5052169 5147958 234387049 216829366 2347836 1528074 1574612 1330348 31937912 20268682 12231169 11669230 3155634125 3336043143 2846937465 2972648639 46137370 56043996 6304301795 6601240754 47770163 37462172 5539765430 5838270126 5587535593 5875732298 X 0 0 0 0 716766202 725508456 716766202 725508456 6304301795 6601240754 X 53488304 -53841291 9095241 X X 0 1 X 1 0 6000 6000 6000 1 CCUL STATEWIDE PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 6000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 3584464 3584464 7572103 2171981 5400122 5028264 3352963 1675301 15753081 14743738 1009343 11669230 ALL OTHER INVESTMENTS 60023000 F NET LOANS AND LEASES 2870926922 F NCUA SHARE INSURANCE DEPOSIT 39338135 F MEMBERSHIP CAPITAL AT CORP. CUS 1460582 F PAID IN CAPITAL AT CORP CUS 900000 F 2972648639 ALL OTHER LIABILITIES 1269934000 MEMBER SHARES AND DEPOSITS 4568336126 5838270126 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" TO BE SUSTAINED "WHEN CHALLENGED" OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. AT SEPTEMBER 30, 2013, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2009 AND BY STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2008. FOR THE YEAR ENDED SEPTEMBER 30, 2013, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. 1 EMPLOYMENT & COMMUNITY OPTIONS 1922 THE ALAMEDA SUITE 210 SAN JOSE CA 95126 830471805 501(C)(3) 5000 FMV PROMOTES THE EDUCATION AND EMPOWERMENT OF LOW-INCOME ADULTS WITH DISABILITIES THE HEALTH TRUST MEALS ON WHEELS 2105 SOUTH BASCOM AVE SUITE 220 CAMPBELL CA 95008 946050231 501(C)(3) 7500 FMV PROVIDES MEALS TO SENIORS AND DISABLED ADULTS LIVE OAK DAY SERVICES 1177 MINNESOTA AVE SAN JOSE CA 95125 770069106 501(C)(3) 7500 FMV PROVIDES AN ACTIVITY-BASED PROGRAM FOR SENIOR CITIZENS FAMILY SUPPORTIVE HOUSING INC 692 NORTH KING ROAD SAN JOSE CA 95133 770106237 501(C)(3) 5000 FMV PROVIDES TEMPORARY SHELTER, TRANSITIONAL HOUSING, AND SUPPORTIVE SERVICES TO HOMELESS FAMILIES WITH CHILDREN IN SANTA CLARA COUNTY 4 X 1 1 X X X X 0 1 0 R HELDEBRANT PRESIDENT/CEO 525449 0 220317 0 0 0 12240 0 26445 0 784451 0 0 0 G RODRIGUES EXECUTIVE VP OPERATIONS 290315 0 77643 0 17868 0 12240 0 31627 0 429693 0 0 0 C SAFBERG EXECUTIVE VP OPERATIONS (RETIRED) 656808 0 77629 0 64396 0 478791 0 19208 0 1296832 0 0 0 B ROSS EXECUTIVE VP FINANCE & ADMINISTRATIO 240959 0 51994 0 0 0 10500 0 34073 0 337526 0 0 0 K COLLINS SENIOR VP LOAN SERVICES 207334 0 49609 0 6719 0 10364 0 22933 0 296959 0 0 0 R MCALPINE VP INFORMATION SYSTEMS 208275 0 44741 0 3790 0 10339 0 22814 0 289959 0 0 0 J FAGENSTROM VP MARKETING 199213 0 40725 0 1214 0 9395 0 4633 0 255180 0 0 0 LBRUBAKER VP DEPOSIT SERVICES 189972 0 39917 0 7019 0 9294 0 8555 0 254757 0 0 0 M MUCKER VP REMOTE SERVICES 189688 0 41531 0 2224 0 9219 0 16550 0 259212 0 0 0 A SEBASTIAN VP CONTROLLER 189692 0 40850 0 794 0 10348 0 19888 0 261572 0 0 0 PART I, LINE 4B THE 457(B) IS AN UNFUNDED ELIGIBLE DEFERRED COMPENSATION PLAN FOR THE CREDIT UNION TO PROVIDE RETIREMENT BENEFITS AND INCIDENTAL BENEFITS TO HIGHLY COMPENSATED EMPLOYEES. PARTICIPANTS ARE THOSE EMPLOYEES RECEIVING COMPENSATION OVER $120,000. THE 457(F) SERP PLAN PROVIDES HIGHLY COMPENSATED EMPLOYEES WITH SUPPLEMENTAL RETIREMENT INCOME. THE PLAN HAS NO CONTRIBUTION LIMITS OR RESTRICTIONS, DOES NOT RECEIVE CONTRIBUTIONS FROM THE EXECUTIVE AND PROVIDES A LUMP SUM TO THE EXECUTIVE. THE PLAN ASSETS ARE THE ASSETS OF THE CREDIT UNION AND ARE SUBJECT TO CLAIMS OF CREDITORS. PARTICIPANTS ARE RICK HELDEBRANT, GARY RODRIGUES, CAROL SAFBERG, KEVIN COLLINS AND BRIAN ROSS. B ROSS KEY EMP 1ST MORTGAGE X 807500 502159 0 0 1 B ROSS KEY EMP AUTO X 37579 25913 0 0 1 K COLLINS KEY EMP 1ST MORTGAGE X 435000 346153 0 0 1 J FAGENSTROM HCE 1ST MORTGAGE X 486750 383462 0 0 1 J FAGENSTROM HCE AUTO X 28278 9406 0 0 1 B ROSS KEY EMP AUTO X 17259 16098 0 0 1 M MUCKER HCE AUTO X 47672 3371 0 0 1 M MUCKER HCE AUTO X 29377 24071 0 0 1 M MUCKER HCE 1ST MORTGAGE X 290000 217441 0 0 1 1528074 FORM 990, PART VI, SECTION A, LINE 6 STAR ONE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. STAR ONE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF STAR ONE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER, EXECUTIVE VPS, CEO, AND BOARD OF DIRECTORS RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL EMPLOYEES ARE REQUIRED TO READ, SIGN, AND SUBMIT THE CODE OF CONDUCT PLEDGE TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 STAR ONE CREDIT UNION USES CONSULTING FIRMS AND INDUSTRY SPECIFIC SURVEYS TO DELIBERATE COMPANY EMPLOYEES' COMPENSATION. THE GOVERNING BOARD APPROVES THE CEO'S COMPENSATION PACKAGE AFTER IT HAS BEEN THOROUGHLY REVIEWED AND RECOMMENDED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN BRANCHES AND ON THE STAR ONE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN OCI 9,095,241. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.